‘Everyone is selling’: Florida condo owners feel crush of rising ...
Thursday, April 25, 2024
The rising cost of home insurance for one Palm Beach County condo is a story that seems to playing out at condos all across Florida. “It’s shocking to watch in a few years to go from under $100,000 to pushing a half a million,” Christina Auer said. “It’s out of line... .. read more..
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
Wednesday, April 24, 2024
Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed. Read the article... .. read more..
2 Articles on Florida’s Insurance Problems
Tuesday, April 23, 2024
Move, cut back or go bare: Florida seniors juggle skyrocketing costs, impossible choices Florida homeowners insurance is skyrocketing: Here’s what to know The post 2 Articles on Florida’s Insurance Problems first appeared on Community Associations Network . .. read more..
More retired Floridians are returning to the workforce
Monday, April 22, 2024
Tampa Bay Times reporter Lauren Peace, who wrote about this issue, said some challenges facing Florida are an influx of newer residents and natural disasters. These have caused housing prices, insurance rates and home maintenance costs to rise. “And then the last piece of it is, following the Su... .. read more..
Surfside condo collapse investigators provide key insights into possible caus...
Wednesday, April 17, 2024
Federal investigators on Thursday shared updates on their probe into the cause of the catastrophic 2021 condominium collapse in Surfside, Florida, providing key insights into the factors that may have led to the deaths of 98 people under a mountain of rubble. Investigators have identified hundre... .. read more..
Condo roofs are becoming nesting sites for threatened shorebirds. Here’s why....
Wednesday, April 17, 2024
As Florida’s wild natural beaches have become more and more scarce, beachside buildings with gravel rooftops have multiplied by the thousands. Shorebirds that nest in the sand have had to adapt. Several species, including black skimmers, least terns, roseate terns and American oystercatchers, ha... .. read more..
Developers pay $102 million for Naples waterfront condo community (FL)
Wednesday, April 17, 2024
A pair of Florida developers have bought a 2.5-acre beachfront property near the Naples Beach Club and plan to build a luxury condominium tower on the site. BH Group and the Kolter Group, both from South Florida, paid $102.6 million for the property — which has 200 feet of beach frontage Read... .. read more..
Condo advisor lays out how Florida’s market got so dire
Tuesday, April 16, 2024
In the wake of a 2021 Florida law, condo owners are facing a variety of new requirements and potentially massive fees. Following the collapse of Champlain Tower in Surfside, the legislature passed a statute requiring, among other things, that buildings over 30 years old (20 years on the coasts) b... .. read more..